A toy manufacturer uses 47 600 rubber wheels per year for its popular dump truck series The firm makes its own wheels which it

Question

A toy manufacturer uses 47 600 rubber wheels per year for its popular dump truck series The firm makes its own wheels which it can produce at a rate of 700 per day The toy trucks are assembled uniformly over the entire year Carrying cost is 1 40 per wheel per year Setup cost for a production run is 38 The firm operates 238 days per year Determine the following a Optimal run size Round your answer to a whole number following normal rules of rounding EPO b Use your final answer from part a to determine minimum total annual cost for carrying and setup Round your answer to a whole number Total Annual Inventory Cost c Cycle time for the optimal run size Round your answer to two decimal points Cycle Time power to buio decimal points

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